$XAU

The long liquidation near $5063.63 shows a sudden downside sweep after strong upside expansion, clearing weak long positions. Price is now reacting around the key support zone near $4980–$5000, which previously acted as a breakout base. As long as this area holds, rebound momentum remains likely with immediate resistance around $5100. A breakout above $5100 could send XAU toward the next upside target around $5250–$5320 where heavier profit-taking may appear. Selling pressure has cooled after the flush, suggesting stabilization rather than trend reversal. If support fails below $4980, a deeper retrace toward $4850 may occur before renewed buying strength appears. Overall bias remains bullish after the corrective sweep. $XAU ‌